104 episodes

Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds!

Lagniappe Stokes Family Office

    • Business
    • 4.9 • 27 Ratings

Lagniappe is a weekly podcast from Stokes Family Office. Join Doug and Greg each week for an entertaining look at current news, personal finance, brotherly banter, and whatever else is on our minds!

    Price Matters: AI Mania and Investing in Market Highs

    Price Matters: AI Mania and Investing in Market Highs

    NVIDIA is the story of the week. We’ll look at their rising market cap and why price matters more than hype when it comes to new hot sectors like AI. We’ll also discuss practical AI uses, from big banks to our personal relationships. We end with our suggested advice on how to handle thinking about peaks vs. cliffs during market highs. 

    Key Takeaways

    [00:16] - AI is becoming the new hot topic

    [03:57] - NVIDIA’s exploding market cap

    [07:22] - NVIDIA’s dependence on the Magnificent 7

    [08:01] - After 34 years, Japan’s market hits record close

    [13:25] - Growing, practical use cases for AI 

    [17:50] - What should the investment mindset be with markets at all-time highs?

    [22:13] - Stocks and bonds correlation


    Links

    Lex Fridman podcast with Bill Ackman 

    Nvidia's market cap is over $200B higher than all of the companies in the S&P 500 Energy sector...combined

    Japan’s Nikkei, after 34 Years, briefly tops record close in intraday trading


    Timmer: The macro narrative is unfolding as expected


    Sora, Open AI’s text-to-video technology

    Why a stock peak isn’t a cliff


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


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    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

    • 26 min
    A Real Estate Market Update With Seth Johnson of 388 Ventures

    A Real Estate Market Update With Seth Johnson of 388 Ventures

    During the Mardi Gras break, we welcome on Seth Johnson, a partner at 388 Ventures. With his wealth of real estate experience and insight, he’ll tell us about the impact of COVID and how it got us to this point. We’ll discuss the challenges that developers and project sponsors are facing, the emergence of a new, alternative lending market, and the banks’ current decision tree. Seth also gives his outlook for multi-family and the real estate market as a whole and what we should be looking forward to during and after this high-interest rate cycle.

    Key Takeaways

    [00:15] - Meet Seth Johnson, partner at 388 Ventures 

    [01:51] - What happened during COVID and what’s happening now 

    [04:20] - Bid ask challenges for developers/project sponsors after optimistic underwriting

    [07:22] - What do banks want to do now? And what options do borrowers have?

    [11:57] - The short and intermediate-term forecast for real estate

    [17:39] - The long-term outlook for multi-family

    [20:20] - Capitalizing a deal in today's environment


    Links

    Seth Johnson

    388 Ventures

    The bill Is coming due on a record amount of commercial real estate debt

    The price gap between renting and buying has hit the widest point since 2000


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

    • 32 min
    The Bears Are Coming Out With a Vengeance

    The Bears Are Coming Out With a Vengeance

    Happy early Mardi Gras from New Orleans!
    Before we head into a weekend of floats and football, we question why we’re hearing so many economic bears coming out of the woodwork. In that vein, we’ll look at potential bearish indicators like tech bubble rumblings and the country’s unsustainable fiscal path. We’ll then examine tech’s impact on the economy and society as a whole, why some are calling this a recession of the poor, and make the bear case for Nvidia. We finish by giving our "expert" opinions on the big game on Sunday. 

    Key Takeaways

    [00:16] - Why are the bears getting louder? 

    [03:07] - Tech’s effect on the economy and our social lives 

    [07:55] - Consumer net worth and consumer debt are both up 

    [13:30] - The Magnificent 7 globally and the bear case for Nvidia

    [17:54] - Our expert Super Bowl preview


    Links

    Putting the tech rally in perspective

    Forget barhopping or even dinner out—more young professionals prefer turning in early

    The introverts have taken over the economy

    Consumer balance sheets are the Derrick Henry/Mark Ingram meme

    Credit card delinquency rates now and pre-Covid

    Truflation's real-time US inflation gauge has moved to 1.35% from 6.24% a year ago


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

    • 22 min
    Episode Number 100!

    Episode Number 100!

    Thanks for joining us each week for 100 episodes of the Lagniappe Podcast. We’ll continue our conversation from last week about small and large caps and what it means to have such a large gap between them. We’ll then look back on a great January and how it falls in line historically, check in on bond market predictions, and track the normalization of the economy after rapid growth and rate hikes. And like every other podcast, we’ll discuss Taylor Swift in the run-up to the Super Bowl. 

    Key Takeaways

    [00:18] - Historical data on times when small and large caps had such wide dispersions

    [05:48] - How a fantastic start to 2024 stacks up with historical Januarys

    [08:28] - A friendly back-and-forth on Doug’s bond market prediction from last year

    [13:52] - Layoffs are here as the economy slows

    [17:46] - Emerging housing markets index

    [22:45] - The economics of the Super Bowl and Taylor Swift 


    Links

    Europe regulates its way to last place

    Europe has never been this cheap versus the US

    Bilello: Will small-caps have their day in the Sun?

    Brevan Howard's top economist sees 3 huge macro turning points under way

    Winter emerging housing markets index

    The true story behind Masters of the Air


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

    • 29 min
    Has the Bull Market Arrived?

    Has the Bull Market Arrived?

    Coming off the heels of hitting a new high for the S&P 500, we’ll talk about how, why, and what it means that we are in a bull market. We’ll then examine the latest on earnings, inflation, and the effect of a massive cash surplus. With some football talk mixed in, we finish by taking a broader perspective to look back on lessons we learned in a post-COVID cycle. 

    Key Takeaways

    [00:18] - China stumbles while the US market surges

    [03:45] - We’re calling it: we’re in a bull market

    [09:29] - Prices/costs, inflation, and the earnings outlook

    [15:17] - Could the surplus of cash drive the markets even higher?

    [18:32] - Truflation reaches the Fed’s goal of being under 2%

    [22:03] - Reflections on a post-COVID market cycle


    Links

    Ro: the long game remains undefeated

    Jason Kelce helps girl get a message to Taylor Swift during the Chiefs-Bills game

    The equal-weight S&P 500's forward PE is 18, the lowest valuation for the index on an S&P 500 record high day since January 2020

    Timmer: Rising tides lift most boats

    WSJ: Wall Street hopes trillions in money-market funds will flow into stocks and bonds

    Truflation: CPI Drops Below 2%: Fed Inflation Target Reached


    Bilello: What does sitting in cash cost you?



    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com


    Disclosure
    The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

    • 29 min
    Are We in a Time of Vibespansion?

    Are We in a Time of Vibespansion?

    2024’s markets have gotten off to a choppy start, but that hasn’t stopped economists from calling this a period of vibespansion. We’ll look into the merits of that notion as well as how fixed debt is working to the advantage of home and small business owners. We’ll also take a look at the economic impact of China invading Taiwan and discuss the red flags of investing in countries with autocratic regimes.

    Key Takeaways

    [00:17] - Vibespansion during a choppy start to the 2024 markets

    [04:25] - How fixed debt is aiding home/small business owners

    [08:48] - A frigid update on EVs

    [12:33] - The economic impact if China invaded Taiwan 

    [20:57] - The Fed is moving toward an easing bias

    [23:48] - Spirit & JetBlue merger blocked


    Links

    The $8.8 trillion cash pile that has stock-market bulls salivating

    Nationwide, 89% of homeowners with mortgages have an interest rate below 6%, down from a record high of 93% in mid-2022

    Ford cuts production of F-150 Lightning Electric Truck

    Oddlots: The Massive Economic Impact If China Invades Taiwan

    Freedom 100 Emerging Markets ETF

    BlackRock Capital Market Assumptions

    Timmer: the Fed has gone from a tightening bias to an easing bias

    Dave Portnoy’s turbulent Spirit Airlines trading


    Connect with our hosts

    Doug Stokes

    Greg Stokes

    Stokes Family Office


    Subscribe and stay in touch

    Apple Podcasts

    Spotify

    Google Podcasts

    lagniappe.stokesfamilyoffice.com

    • 26 min

Customer Reviews

4.9 out of 5
27 Ratings

27 Ratings

baudirbekakcjcueb ,

Great Show!!

Incredible financial commentary. Love the travel advice too!

Fiend1962 ,

Awesome

Awesome show , very informative

Memphis Made ,

Easy Listening + Learning

Doug and Greg do a great job of informing us of what’s going on across the world and making it easy to understand. Highly recommend for anyone curious about the economy as these guys are clearly experts.

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